01570cas a2200241 a 4500 AALejournalIMF005588 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451808964 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Colombia : Selected Issues. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (70 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper uses contingent claims analysis (CCA) to assess risks to the Colombian banking sector. The CCA approach is based on the estimation of the default probability by an entity on its obligations, and is widely used by rating agencies to assess creditworthiness in the corporate sector. The paper also estimates the effects of changes in selected macroeconomic and financial variables on default probabilities for a sample of Colombian banks. The sample includes five banks for which market-based default probabilities are available. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/024 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/024/002.2009.issue-024-en.xml IMF e-Library